Nagasaki governor Kengo Oishi says the change of hands will not affect funding for the planned integrated resort.<\/p>\n\n\n\n\n\n\n\n
Japan.- Nagasaki governor Kengo Oishi<\/strong> has said that funding for a planned casino resort “should not be affected” by the sale of Credit Suisse Group to UBS Group in a CHF3bn (US$3.25bn) emergency rescue brokered by the Swiss government.<\/p>\n\n\n\n Oishi said the prefecture has gathered information from Casinos Austria International Japan Inc, Kyushu Resorts Japan and advisors. Credit Suisse has previously said it was interested in acting as a financial arranger for Nagasaki\u2019s integrated resort (IR) project<\/a>. <\/p>\n\n\n\n Oishi has previously suggested that Credit Suisse, together with Cantor Fitzgerald could participate in the 80 per cent equity portion of the financing and also arrange loans for a portion of the funds for the IR. <\/p>\n\n\n\n Nagasaki is one of two cities that have submitted bids<\/a> to develop IRs in Japan. It has chosen Casinos Austria International Japan Inc<\/strong> as partner for its bid<\/a> and expects the IR to open in 2027. The expected cost for development is JPY438.3bn (US$3.8bn)<\/a>, including JPY175.3bn in equity costs.<\/p>\n\n\n\n JPY1.52bn<\/strong> (US$11.4m) has been allocated in the 2023 budget, with JPY427.7m for its IR promotion division<\/strong>, a 147 per cent increase from the 2022 budget.<\/p>\n","protected":false},"excerpt":{"rendered":" Nagasaki governor Kengo Oishi says the change of hands will not affect funding for the planned integrated resort.<\/p>\n","protected":false},"author":176,"featured_media":20877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"footnotes":""},"categories":[157,16338],"tags":[23632],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003497"}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777003497"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003497\/revisions"}],"predecessor-version":[{"id":777003514,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003497\/revisions\/777003514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20877"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}